my dfw thread!

vikki2k1

ok so ive done pretty well but im getting annoyed with this all being round my neck! so im going to list here my debts and hope someone can give me some kinda advice as what to do!

i started off last year with over £8000 of debt, not too much but more than enough when on £47 per week!

now my current debts stand at this:

Barclays Overdraft (termination notice!) £1250.49
Sky Subscribers Service (with debt collectors!) £95
Additions (letter of arrears received) approx £190
Next Directory £126.91
Avon Cosmetics £264.27

and lastly, a letter from inland revenue saying i owe approx£200 for NI contributions from being self employed! i havent been self employed for over 2 1/2 years and i did contact them at the time, the business was only open for 2 months but i closed it because my ex was taking all the profits! grr so now i have no proof of how much i earned!

sorry this is so long and i am going to my CAB tomorrow but any advice right now would be nice! :beer:

vikki2k1

also, i know there are maybe 1 or 2 other debts i have, but as i havent had any letters from them i dont know who with or how to contact them, is it possible these will come back to haunt me in future or is it possible that after a while they will give up? i think they were only for maybe £20 or £30 max £50!

thanks

partickz

Well done on getting the debt down!!!!! Are you sure you are getting all the benefits you are entitles to? Could you look at rasining your income?

vikki2k1

no im not sure, i left my job a few weeks ago, it was making me depressed and stressing me! i know i shouldnt have but at the time felt to me the best option! and ive been told that because i left i cant sign onto JSA again! is this true?
would be good if not, but im not too bothered because i will have a new job in 2 weeks time!

also, i couldnt get to the CAB today and i have just re-read the letter i have from barclays and the date on it is the 7th november, though i only received it 3 days ago! and it says i have 14 days from the date on the letter to sort something out!
if i tell them i am seeing someone on tuesday about it, will they extend the date for me?
thanks

Gemmzie

You can sign onto JSA but you'll be sanctioned for up to 26 weeks for leaving voluntarily.
Do you have any income at present?

vikki2k1

no none at all, still waiting on my pay from the job i left too!

Gemmzie

Okay in that case, could you fill in http://www.makesenseofcards.com/soacalc.html

Are you renting?

vikki2k1

no i live with parents at the moment

vikki2k1

ok ive done that as if i was claiming JSA

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 180
Other income............................ 0
Total monthly income.................... 180

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 50
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 25
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 30
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 145

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................1250.49...0.........0
sky............................95........0.........0
catalogue......................199.......0.........0
avon...........................264.27....0.........0
next catalogue.................126.91....0.........0
Total unsecured debts..........1935.67...0.........-

Monthly Budget Summary
Total monthly income.................... 180
Expenses (including secured debts)....... 145
Available for debt repayments........... 35
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 35

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -1,935.67
Net Assets.............................. -1,935.67

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

vikki2k1

bumpity bump for anyone who maybe able to help more?

halight

Hi good luck. dont forget get that debt line might beable to help.

All the best